Bitcoin & cryptocurrency tax overview
Capital Gains Tax
Gains from crypto disposal are taxed as 'other income' under personal income tax at a flat rate of 15%. A social contribution tax (szocho) of 13% also applies, capped at an annual ceiling. Net losses can offset gains within the same tax year.
Income Tax
Mining rewards, staking income, and other crypto-derived income are treated as 'other income' subject to 15% personal income tax plus 13% social contribution tax (szocho), subject to the annual szocho cap.
VAT / GST
Exempt. Following ECJ case law (Hedqvist, C-264/14), exchanging cryptocurrency for fiat or other crypto is VAT-exempt in Hungary for individual holders.
Mining Tax
Miners operating as sole traders or businesses are subject to corporate or personal income tax on mining income. VAT registration may be required if thresholds are met. Specific guidance for individual miners follows general 'other income' rules at 15% PIT plus 13% szocho.
Individual holders in Hungary pay a flat 15% personal income tax on crypto gains and income, plus a 13% social contribution tax (szocho) subject to an annual ceiling. Crypto-to-fiat and crypto-to-crypto exchanges are VAT-exempt. Hungary introduced clearer crypto taxation rules in recent years, making it relatively straightforward compared to many EU peers, though the combined 28% effective rate can be significant.
Community-sourced data. If you spot an error, please let us know.
This information is for general reference only and should not be considered tax advice. Tax laws change frequently and may vary based on individual circumstances, residency status, and transaction type. Always consult a qualified tax professional in your jurisdiction before making financial decisions based on this information.